42-11 Northern Boulevard

Avison Young, as exclusive agent, is pleased to offer for sale or ground lease the property at 42-11 Northern Boulevard (the “Site”), currently improved with a one-story, 24,300 SF retail building. The ±24,387 SF block-end lot offers up to 219,483 ZFA for residential or mixed-use development.

Additionally, the development site is located within an opportunity zone.The property occupies a full block-end with 535 feet of wraparound frontage at the intersection of Northern Boulevard, 42nd Street, and 43rd Street in Long Island City. The Site is located within the recently rezoned Innovation QNS district (M1-5/R9-1), which permits a residential FAR of 9.0, allowing for up to 219,483 BSF. Additionally, the zoning includes a commercial overlay permitting a 5.0 FAR for manufacturing/commercial use and a 10.0 FAR for community facility use.